Just because manufactured homes are more affordable than site-built homes doesn’t mean they’re cheap – especially in Idaho. In fact, the cost of a new manufactured home is more expensive in the Gem State than anywhere else in the country, according to a new report from Lending Tree, a North Carolina-based online marketplace. Can you...
Yes, VA loans can be used to purchase a new or preowned manufactured home or a mobile home. The Department of Veterans Affairs guarantees VA loans, which features competitive interest rates, no down payment requirement, and no private mortgage insurance. These loans are available to military borrowers; active-duty service members, veterans, and surviving spouses. ...
CAVCO Donates School Supplies Cavco Industries, CAVCO, based in Phoenix, Arizona, the third largest builder of manufactured homes in the U.S. wants to make sure kids at Monroe Avenue Elementary school in Hamlet, Va. are prepared for the start of the upcoming school year. Representatives from Cavco Industries delivered 40 colorful bags to the school...
New York Governor Hochul Signs Legislation to Support Homeowners at Manufactured Home Parks On October 25, 2023, Governor Hochul signed legislation into law supporting homeowners at manufactured home parks/communities, a critical source of affordable housing for residents in New York State, particularly Upstate and in rural areas. Legislation S.5881A/A 5549-A expands the right of first...
Valley Quality Homes serving manufactured home customers throughout Washington, eastern Oregon, and Idaho for 30 consecutive years. Valley Quality Homes, a leader in the manufactured home industry, has been honored once again with the prestigious title of #1 dealer in the state of Washington by Statistical Surveys Inc.(SSI). This marks the 30th consecutive year that...
It’s more difficult than ever to afford housing in the U.S. There is a smart alternative. Today, homeownership is frequently cited as an example of attaining the American Dream. It is a symbol of financial success and independence, and it means an ability to control one’s own dwelling place instead of the whims of a...
Montgomery County is the No. 1 county in Texas for manufactured housing placements so far this year (2023), according to the Texas Manufactured Housing Association. In 2022, the county trailed just behind Harris County in installments of new manufactured homes. According to the U.S. Department of Housing and Urban Development, manufactured homes are factory-assembled housing...
June 2023 Manufactured Shipment and Production Reports Source: MHI – MHI’s recently released Economic Report includes both shipment and production tallies for June 2023. Cumulative shipments through June totaled 43,893 homes, compared with 61,650 homes through the first half of 2022, a net decrease of 28.8%. In June, 8179 new manufactured homes were shipped, an...
“Price is what you pay, Value is what you get”– –Warren Buffett Affordability is cited by 71% of manufactured home buyers as being the driving force for choosing a manufactured home, according to the Manufactured Housing Institute (MHI). Unfortunately, there are those that will not consider purchasing a manufactured home, mistakenly believing that a manufactured...
The following are brief descriptive capsules of the most preferred loan types available to manufactured home purchasers, as well as other financing programs that may or may not serve the interest of manufactured home retailers. Note: Manufactured home financing program terms, interest rates, conditions and availability are subject to change from time to time, as...
